Ellis Investment Partners LLC lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,972 shares of the company’s stock after selling 377 shares during the quarter. Ellis Investment Partners LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $958,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arlington Trust Co LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter worth approximately $32,000. Global Trust Asset Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $35,000. Elevation Wealth Partners LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $52,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $53,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $71,000.
Global X U.S. Infrastructure Development ETF Stock Up 12.0%
Global X U.S. Infrastructure Development ETF stock opened at $46.40 on Monday. The company has a market capitalization of $9.17 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s 50 day moving average is $46.64 and its 200 day moving average is $43.04. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26.
About Global X U.S. Infrastructure Development ETF
The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.
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Want to see what other hedge funds are holding PAVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report).
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